0001188112-12-003319.txt : 20121109 0001188112-12-003319.hdr.sgml : 20121109 20121109114622 ACCESSION NUMBER: 0001188112-12-003319 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20121109 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121109 DATE AS OF CHANGE: 20121109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RPC INC CENTRAL INDEX KEY: 0000742278 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 581550825 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08726 FILM NUMBER: 121192380 BUSINESS ADDRESS: STREET 1: 2801 BUFORD HIGHWAY CITY: ATLANTA STATE: GA ZIP: 30329 BUSINESS PHONE: 404-321-2140 MAIL ADDRESS: STREET 1: 2801 BUFORD HIGHWAY CITY: ATLANTA STATE: GA ZIP: 30329 FORMER COMPANY: FORMER CONFORMED NAME: RPC ENERGY SERVICES INC DATE OF NAME CHANGE: 19920703 8-K 1 t74973_8k.htm FORM 8-K t74973_8k.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
washington, d.c. 20549
 

 
FORM 8-K
 



CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  November 9, 2012



RPC, INC.
(Exact name of registrant as specified in its charter)
 


Delaware
1-8726
58-1550825
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)

2801 Buford Highway, Suite 520, Atlanta, Georgia 30329
(Address of principal executive office) (zip code)

Registrant's telephone number, including area code: (404) 321-2140


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
   
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 
 
 
 
 
Item 8.01
Other Events.

On November 9, 2012, RPC, Inc. issued a press release titled "RPC, Inc. Announces Special Year-End Cash Dividend."  The press release announced that the Board of Directors approved a special year-end cash dividend of $0.20 per share payable December 26, 2012 to common stockholders of record at the close of business on November 30, 2012.  It stated that this special year-end dividend is in addition to the Company’s regularly quarterly cash dividend of $0.08 per share payable December 10, 2012 to common stockholders of record at the close of business on November 9, 2012.
 
 
Item 9.01
Financial Statements and Exhibits.
 
(d)           Exhibits.

Exhibit 99 - Press Release dated November 9, 2012.

 
-2-
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, RPC, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
    RPC, Inc.  
       
       
Date:  November 9, 2012
 
/s/ Ben M. Palmer  
    Ben M. Palmer  
   
Vice President,
Chief Financial Officer and
Treasurer
 

-3-
EX-99 2 ex99.htm EXHIBIT 99 ex99.htm

EXHIBIT 99
 
GRAPHIC
 
RPC, Inc. Announces Special Year-End Cash Dividend

ATLANTA, November 9, 2012 - RPC, Inc. (NYSE: RES) announced today that its Board of Directors declared a special year-end dividend of $0.20 per share payable December 26, 2012 to common stockholders of record at the close of business on November 30, 2012.  This special year-end dividend is in addition to the Company’s regularly quarterly cash dividend of $0.08 per share payable December 10, 2012 to common stockholders of record at the close of business on November 9, 2012.
 
“The decision of our Board of Directors to pay a special year-end dividend represents a sensible return of capital to our shareholders that we will accomplish in a tangible and immediate manner,” stated Richard A. Hubbell, RPC’s President and Chief Executive Officer. “Our balance sheet will remain strong following the payment of this dividend, and we note that we will continue to be conservatively capitalized and have the financial capacity to support our operations and pursue strategic opportunities to enhance our shareholder value.”
 
RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States, including the Gulf of Mexico, mid-continent, southwest, Appalachian and Rocky Mountain regions, and in select international markets. RPC’s investor website can be found at www.rpc.net.
 
Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding our belief that we will continue to be conservatively capitalized and have the financial capacity to support our operations and pursue strategic opportunities to enhance our shareholder value following payment of our special dividend. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RPC to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Such risks include changes in general global business and economic conditions; drilling activity and rig count; risks of reduced availability or increased costs of both labor and raw materials used in providing our services; the impact on our operations if we are unable to comply with regulatory and environmental laws; turmoil in the financial markets and the potential difficulty to fund our capital needs; the potentially high cost of capital required to fund our capital needs; the possibility that the recent growth in unconventional exploration and production activities may cease or change in nature so as to reduce demand for our services; the actions of the OPEC cartel, and the ultimate impact of current and potential political unrest and armed conflict in the oil-producing regions of the world, which could impact drilling activity; adverse weather conditions in oil or gas producing regions, including the Gulf of Mexico; competition in the oil and gas industry; an inability to implement price increases; risks of international operations; and our reliance upon large customers. Additional discussion of factors that could cause the actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in RPC's Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2011.
 
For information about RPC, Inc. or this event, please contact:
Ben Palmer
Jim Landers
Chief Financial Officer
Vice President, Corporate Finance
(404) 321-2140
(404) 321-2162
irdept@rpc.net
jlanders@rpc.net
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